Latvia: manufacture of motor vehicles production value 2020

The production value of the motor vehicles, trailers, and semi-trailers manufacturing industry in Latvia decreased by 30.2 million euros (-12.86 percent) since the previous year. Nevertheless, the last two years in this industry recorded a significant higher production value than the preceding years.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Find more statistics on the motor vehicles, trailers, and semi-trailers manufacturing industry in Latvia with key insights such as number of enterprises, turnover, and personnel costs.

Production value of the manufacture of motor vehicle, trailer, and semi-trailer industry in Latvia from 2011 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020	204.6
2019	234.8
2018	259
2017	203.1
2016	156.3
2015	140.7
2014	142.1
2013	130
2012	126.9
2011	113.3

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Release date

March 2023

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Region

Latvia

Survey time period

2011 to 2020

Supplementary notes

The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to code C29 of NACE Rev2.

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